Yorkshire, Ohio Property Taxes
The median property tax rate in Yorkshire, OH is 1.11%, which is higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With the median home value in Yorkshire at $177,820, the typical annual property tax bill reaches $2,023, which is below the national median of $2,690. Property taxes in Yorkshire are calculated based on the tax assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Yorkshire's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Yorkshire or another part of Darke County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Yorkshire, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.11%
Estimate Property Tax Bill
$1,974
Ownwell’s Yorkshire Property Tax Bill Calculator is an invaluable tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Yorkshire. By simply entering your property's assessed value, the calculator uses the median tax rate in Yorkshire to provide an accurate estimate of your property tax bill. This helps you understand your potential tax liabilities with ease. For those interested in more detailed insights, you can explore trends at a neighborhood level by scrolling down. Your property's assessed value, determined by the county, is used for these calculations and includes any applicable exemptions, ensuring you get the most precise estimate possible.
Property Tax Rates Across Yorkshire, Ohio
Property taxes in Yorkshire, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Yorkshire is 1.11%, higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Yorkshire set these rates annually, and they can vary significantly across different neighborhoods. Each year, Yorkshire estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Yorkshire's effective property tax rate to other counties in Ohio and the national median. For comparison, the 45388 zip code has the highest median property tax rate of 1.11%, while the same zip code also represents the lowest median tax rate of 1.11%. Understanding how these cities compare with Yorkshire provides valuable insights into the varying tax landscape across Darke County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Yorkshire Tax Rate
1.11%
Average Darke County Tax Rate
1.34%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Yorkshire, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45388 | 1.00% | 1.10% | 1.11% | 1.30% | 1.33% |
Source: Ownwell
Property Tax Assessment Values Across Yorkshire, Ohio
In Yorkshire, Ohio, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Darke County Appraisal District for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Yorkshire, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. The median home price in Yorkshire is $177,820, with the 25th percentile tax bill at $1,149 and the 75th percentile tax bill at $2,825. The highest and lowest median tax bills are both $2,023 in the 45388 zip code. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Yorkshire helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Yorkshire Assessed Value
$177,820
Average Darke County Assessed Value
$110,800
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Yorkshire, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45388 | $55,350 | $109,160 | $177,820 | $255,050 | $346,430 |
Source: Ownwell
Property Tax Bills Across Yorkshire, Ohio
In Yorkshire, property tax bills are calculated based on the assessed value of a home, which is determined by the local county assessor. The assessed value is a percentage of the market value of the property, and this figure is then multiplied by the local tax rate to arrive at the annual tax bill. Factors such as property size, location, and any improvements made to the home can influence the assessed value. Homeowners in Yorkshire, Darke County, typically see tax bills ranging from $1,149 at the 25th percentile to $3,867 at the 90th percentile, with a median home price of $177,820. The median property tax rate in this area is comparable to the national median of 0.99%. For homeowners, understanding these factors is crucial as property taxes can significantly impact annual household budgets. High tax bills can affect affordability, while lower bills might indicate less funding for local services and infrastructure.
Average Yorkshire Tax Bill
$2,023
Average Darke County Tax Bill
$1,406
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Yorkshire, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45388 | $618 | $1,149 | $2,023 | $2,825 | $3,867 |
Source: Ownwell